Mel Gibson's former Beartooth Ranch back on Market | Montana Land Source

Mel Gibson's former Beartooth Ranch back on Market

The Beartooth Ranch, formerly owned by film star Mel Gibson is back on the market.  The ranch totals 12,350 deeded acres and is listed by Hall & Hall for $29.8MM.  Gibson owned the ranch from 1988 to 2005, and then sold reportedly on a handshake to adjoining neighbor Kent Williams, who created Montana Silversmiths.  The ranch was a registered Angus producer under Gibson's ownership, but was converted in part to a horse boarding facility under Williams's ownership.

Andrew Rahn from Montana Land Source had the privilege to help appraise the property for Mel Gibson.  The ranch was not run as a movie star retreat property, but rather as a bona fide registered cattle operation.  Also of interest, Gibson sold small acreage inholdings along the Stillwater River to long-time ranch employees, which diminished the exclusivity of the property and potentially impacts the marketability in a market where high-net-worth buyers put a premium on privacy and exclusivity.  However, the ranch is a unique offering in the current Montana land market, which has a low supply of large high-amenity recreational properties.

 






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